Harrisville, Alcona County, Michigan Property Taxes
Median Harrisville, MI effective property tax rate: 0.56%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Harrisville, MI home value: $134,600
Median annual Harrisville, MI tax bill: $918, $1,482 lower than the national median property tax bill of $2,400.
How are property taxes in Alcona calculated?
Property taxes in Harrisville, MI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Harrisville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Harrisville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Harrisville, Alcona County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.56%
Estimate Property Tax Bill
$754
$699
Property Tax Rates Across Harrisville, Alcona County, Michigan
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Harrisville in Alcona County, MI, has a median property tax rate of 0.56%, which is significantly lower than the national median of 1.02%. This lower rate can translate to substantial savings for property owners. By comparing Harrisville's effective property tax rate to other cities in Michigan, it's evident that property tax rates can vary significantly even within a single state. While some areas may have higher rates, Harrisville offers a more affordable option for property owners. Understanding these differences can be crucial for homeowners looking to manage their tax liabilities effectively. Whether you're considering an appeal or seeking exemptions, being informed about your local tax rate is a vital step in optimizing your property tax strategy.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Harrisville Tax Rate
0.56%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Alcona County Tax Rate
0.72%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Harrisville, Alcona County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48740 | 0.44% | 0.51% | 0.56% | 1.12% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Harrisville, Alcona County, Michigan
When examining property taxes in Harrisville, MI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Alcona County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Alcona County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Harrisville.
For example, the median home price in Harrisville is $134,600, with tax bills ranging significantly across the county. 48740 has the highest median home price at $134,600.
Property Tax Assessment Values Across Harrisville, Alcona County, Michigan
Source: Ownwell
$47,800
$134,650
$221,500
Median Harrisville Market Value
$134,600
Median Alcona County Market Value
$114,600
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Harrisville, Alcona County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48740 | $53,240 | $84,200 | $134,600 | $222,800 | $367,880 |
Source: Ownwell
Property Tax Bills Across Harrisville, Alcona County, Michigan
Median Harrisville Tax Bill
$918
Median Alcona County Tax Bill
$819
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Harrisville, Alcona County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48740 | $357 | $563 | $918 | $1,632 | $3,090 |
Source: Ownwell